Bernanke Says Fed May Miss Deadline for Crafting Debit-Cap #SwipeFees Rules – Bloomberg


The Fed has proposed capping debit-card fees at 12 cents per transaction, replacing a formula that averages about 1 percent of the purchase price. The caps are required by the Dodd-Frank law that overhauled the financial industry.

via Bernanke Says Fed May Miss Deadline for Crafting Debit-Cap Rules – Bloomberg.

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